The Associated Press
The recent "fiscal cliff" agreement in Washington preserved tax rates that investors with moderate to low incomes pay on investment income such as capital gains and stock dividends. Not so for top earners, who will pay higher rates on income earned this year.
Below is a look at the rates that taxpayers in the highest bracket will pay on investment income earned in 2013, compared with last year's rates. The top bracket includes taxpayers with adjusted gross income of $450,000 and up for couples filing jointly, and $400,000 for single filers.
The 2013 rates include a new 3.8 percent tax to pay for President Obama's health care overhaul. That tax applies to taxable investment income for joint filers with adjusted gross income of more than $250,000 and single filers earning $200,000. So taxes on investment income will also be higher for taxpayers with earnings above those thresholds.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Check out the most expensive home for sale in the U.S. (Video)
Germany seizes the pet after the Biebs fails to get it from customs.
This fox plays like a cat when he gets his paws on a golf ball. (Video)
While waiting for help, one man chose to entertain himself.